China's labour market has so far proved resilient despite a slowing economy, but that means little to recent college graduate Wu Xiuyan, writes Lilian Lin for The Wall Street Journal. A mismatch between graduates’ skills and job market needs is resulting in underemployment.
"My classmates and I want to find jobs in banks or foreign trade companies, but the reality is that we can't find positions that match our education," said Wu (24), who graduated in June from Zhejiang University of Finance and Economics.
China has shown little evidence of rising unemployment despite the slowest growth rate since the global financial crisis – and is nowhere near the joblessness rates seen in some of the countries hardest hit by the eurozone debt crisis. But slowing growth underscores a fundamental challenge to China's economic development: the underemployment of huge numbers of graduates that Chinese colleges are churning out. Experts say many graduates lack skills such as critical thinking, foreign languages and basic office communications that businesses are looking for.
Full report on The Wall Street Journal site
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